Alphadyne Asset Management LP Buys Shares of 10,683 Clean Harbors, Inc. $CLH

Alphadyne Asset Management LP bought a new stake in Clean Harbors, Inc. (NYSE:CLH) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 10,683 shares of the business services provider’s stock, valued at approximately $2,505,000. Clean Harbors comprises 0.1% of Alphadyne Asset Management LP’s holdings, making the stock its 27th biggest position.

A number of other hedge funds have also made changes to their positions in CLH. Norges Bank purchased a new position in shares of Clean Harbors in the fourth quarter valued at $152,195,000. Durable Capital Partners LP purchased a new position in shares of Clean Harbors in the third quarter valued at $133,217,000. Nordea Investment Management AB increased its position in shares of Clean Harbors by 120.8% in the fourth quarter. Nordea Investment Management AB now owns 1,040,594 shares of the business services provider’s stock valued at $246,725,000 after buying an additional 569,388 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Clean Harbors by 148.3% in the third quarter. Two Sigma Investments LP now owns 384,494 shares of the business services provider’s stock valued at $89,287,000 after buying an additional 229,666 shares in the last quarter. Finally, FIL Ltd increased its position in shares of Clean Harbors by 88.4% in the fourth quarter. FIL Ltd now owns 352,690 shares of the business services provider’s stock valued at $82,699,000 after buying an additional 165,517 shares in the last quarter. Hedge funds and other institutional investors own 90.43% of the company’s stock.

Clean Harbors Trading Down 1.0%

Clean Harbors stock opened at $287.82 on Thursday. The stock has a market cap of $15.21 billion, a PE ratio of 39.00 and a beta of 0.87. The stock has a 50-day moving average price of $294.67 and a 200 day moving average price of $275.03. Clean Harbors, Inc. has a 52 week low of $201.34 and a 52 week high of $316.98. The company has a current ratio of 2.34, a quick ratio of 1.99 and a debt-to-equity ratio of 0.99.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings data on Wednesday, May 6th. The business services provider reported $1.19 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.47 billion. Clean Harbors had a return on equity of 14.37% and a net margin of 6.53%.The firm’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. Equities research analysts predict that Clean Harbors, Inc. will post 8.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Lauren States sold 789 shares of Clean Harbors stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $286.19, for a total transaction of $225,803.91. Following the completion of the sale, the director owned 11,359 shares in the company, valued at approximately $3,250,832.21. This trade represents a 6.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.00% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CLH shares. Needham & Company LLC raised their price target on Clean Harbors from $308.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. TD Cowen raised their price target on Clean Harbors from $320.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. The Goldman Sachs Group raised their price target on Clean Harbors from $268.00 to $306.00 and gave the company a “neutral” rating in a research report on Wednesday, April 8th. Wall Street Zen cut Clean Harbors from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Robert W. Baird raised their price target on Clean Harbors from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Thursday, April 16th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $323.23.

Clean Harbors Company Profile

Clean Harbors, Inc is a leading provider of environmental, energy and industrial services in North America. The company specializes in the collection, transportation and disposal of hazardous and non-hazardous wastes, emergency spill response and remediation, industrial cleaning and on-site field services. Its comprehensive service offering also includes chemical neutralization, drum crushing, high-pressure water blasting, tank cleaning and vacuum services designed to help customers meet stringent environmental regulations.

Founded in 1980 by Alan S.